Browse "Trade"

Macleans

Dollar Falls

In Quebec, they call it referendum fever. And of all those who fell into its grip last week, perhaps no one was more surprised than René Lepage, director of the community health clinic in the lower St. Lawrence River town of Matane.

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Exchange Rates

The dollar became the official monetary unit of the Province of Canada on 1 January 1858 and the official currency of Canada after Confederation.

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Exports

Exports are goods or services which a nation sells to other nations. During 1996 Canadian sales abroad amounted to $330 billion, consisting of $268 billion (or 81.2%) merchandise, $39 billion (or 11.8%) services and nearly $18 billion (or 5.4%) investment income.

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Free Trade

A free trade area as defined by the General Agreement on Tariffs and Trade (GATT) is "a group of two or more customs territories in which duties and other restrictive regulations of commerce... are eliminated on substantially all the trade between the constituent territories in products originating in such territories."

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General Agreement on Tariffs and Trade (GATT)

The General Agreement on Tariffs and Trade (GATT) was an international trade agreement signed by 23 nations, including Canada, in 1947. GATT came into effect on 1 January 1948 and was refined over eight rounds of negotiations, leading to the creation of the World Trade Organization (WTO), which replaced GATT in 1995. GATT was focused on trade in goods and aimed to liberalize trade by reducing tariffs and removing quotas among member countries. Each member of GATT was expected to open its markets equally to other member nations, removing trade discrimination. The agreements negotiated through GATT reduced average tariffs on industrial goods from 40 per cent (1947) to less than 5 per cent (1993). It was an early step towards economic globalization.

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Gold Standard

The gold standard is a monetary system in which the value of the currency unit (the Canadian dollar, for example) is defined in relation to the value of gold.

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Imports

Imports consist of goods or services purchased from residents of foreign countries by Canadian residents. For 1996 these totalled $331 billion, or $1.7 billion more than all receipts from EXPORTS. The 3 major import divisions were merchandise of $233 billion (70.3%), services of $48 billion (14.

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International Economics

International economics consists of two main parts. The first is international trade theory and commercial policy. The second is international finance and balance of payments theory and policy.

Macleans

Job Security and Outsourcing

So the meeting could have gone better. There was Mark Campbell, president of his own printing company, presenting to Kraft Canada Inc., executive level, in suburban Toronto. Initially, the meeting played exactly as Campbell had hoped.

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Made Beaver

Hudson's Bay Company found it necessary to devise a unit of value that would accommodate Aboriginal people's bartering to European bookkeeping methods

Macleans

Mexican Peso Slides

While Canada's dollar crisis reached a boiling point last week, Mexican Foreign Minister José Angel Gurria was in Canada for emergency meetings with bankers and senior federal ministers in an effort to shore up confidence in his country's own floundering currency.

Macleans

Mexico's Peso Crisis

He has been dubbed the Accidental President - a shy, uncharismatic technocrat who won the highest office in Mexico almost by default after the assassination of the chosen candidate. And ever since he was sworn in on Dec.

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Pro Pelle Cutem

Pro pelle cutem (a Latin phrase meaning “a pelt for a skin”) is the traditional motto of the Hudson’s Bay Company (HBC). It was adopted soon after the company received its charter in 1670 and has remained on the HBC coat of arms, apart from a brief period of rebranding between 2002 and 2013.

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Retail Trade

There are 2 broad categories of retail-trade organization: retail chains, which operate 4 or more stores in the same kind of business under the same ownership, and independent retailers operating 1 to 3 stores.

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Softwood Lumber Dispute

Softwood Lumber Dispute first arose in 1982 with a complaint by the US lumber industry that low Canadian stumpage rates constituted an unfair advantage. In Canada, provinces own most of the forest resource and administer the rates whereas in the US rates are set at an auction.

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Timber Duties

Timber Duties First imposed in the 18th century to provide revenue, Britain's tariffs on imported wood were an integral component of the 19th-century British North American TIMBER TRADE.